| SCHEDULE OF INTANGIBLE ASSETS |
Intangible
assets consisted of the following:
SCHEDULE
OF INTANGIBLE ASSETS
| | |
| | |
March
31, 2026 | | |
December
31, 2025 | |
| | |
Useful
life | | |
Carrying
Value | | |
Accumulated
Amortization | | |
Net
carrying value | | |
Carrying
Value | | |
Accumulated
Amortization | | |
Net
carrying value | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Customer
relationships | |
7 | | |
$ | 4,500,000 | | |
$ | (1,875,000 | ) | |
$ | 2,625,000 | | |
$ | 4,500,000 | | |
$ | (1,607,143 | ) | |
$ | 2,892,857 | |
| E-commerce
technology platforms | |
1
- 4 | | |
| 3,097,040 | | |
| (1,652,673 | ) | |
| 1,444,367 | | |
| 3,097,040 | | |
| (1,482,974 | ) | |
| 1,614,066 | |
| Patents
and other | |
15 | | |
| 931,831 | | |
| (401,771 | ) | |
| 530,060 | | |
| 931,831 | | |
| (386,805 | ) | |
| 545,026 | |
| | |
| | |
$ | 8,528,871 | | |
$ | (3,929,444 | ) | |
$ | 4,599,427 | | |
$ | 8,528,871 | | |
$ | (3,476,922 | ) | |
$ | 5,051,949 | |
|
| SCHEDULE OF INTANGIBLE ASSETS AMORTIZATION EXPENSE FOR FUTURE |
The
following table sets forth the estimated amortization expenses for the next five years:
SCHEDULE
OF INTANGIBLE ASSETS AMORTIZATION EXPENSE FOR FUTURE
| Twelve
months ended March 31: | |
| |
| 2027 | |
| 1,438,033 | |
| 2028 | |
| 1,373,313 | |
| 2029 | |
| 740,666 | |
| 2030 | |
| 701,600 | |
| 2031 | |
| 109,901 | |
|